The USD remains in it’s downtrend with the CHF again leading the way, USD/CHF posted another record low. AUD/USD is testing barrier protection ahead of 1.0800 and only very large bids are keeping USD/JPY from falling further. EUR/USD breached barriers at 1.4650, which after a potentially bearish intraday break yesterday, is a very impressive performance.
The market obviously doesn’t hold out much hope of the Fed saving the dollar.
Good luck today.
